[ad_1]
U.S. particular person life insurance coverage utility exercise continued to be stronger for youthful customers than for older customers in August, and the general degree of year-over-year change was a rise of 1.8%, in response to MIB Group.
MIB is a company that helps life insurers with the underwriting course of. It makes use of its utility processing exercise ranges to compile month-to-month utility degree statistics.
In July, total utility exercise was 0.6% decrease than in July 2022.
Listed here are the year-over-year exercise change figures for August, damaged down by age:
- Ages zero-30: +5.6%
- Ages 31-50: +5.0%
- Ages 51-60: -3.0Â %
- Ages 61-70: -5.8%
- Ages 71 and older: -2.9%
Particulars
MIB notes that folks ages 50 and youthful utilized for extra time period life and extra common life in August.
[ad_2]
